Midland Warehouses

Off-Market

1500 South Western Avenue, Chicago, IL 60608

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 500,000 SF
  • Lot Size 2.71 Acre
  • Parking Spaces Avail. 50
  • Parking Ratio 0.10 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1916

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Chicago

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Chicago Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $36.90
  • 2022 Office Vacancy Rate 15.59%
  • 2022 Office Completions (SF) 2,567,705

Chicago Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $227.03
  • Y-o-Y Avg. PpSF Change -35.57%
  • 2022 Office Sales Volume $1.1B
  • 2022 Number of Transactions 24
View more Chicago market trends

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable
  • Transit Score ®

    66/100 Good Transit
  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Douglas Park
  • Zip Code 60608
  • Market Chicago

Points of Interest

  • Western Avenue

    0.23 miles

  • Western

    0.45 miles

  • California

    0.60 miles

  • Damen

    0.68 miles

  • 18th

    0.93 miles

  • Western

    1.03 miles

  • Kedzie

    1.07 miles

  • Polk

    1.16 miles

  • Illinois Medical District

    1.25 miles

  • Kedzie-Homan

    1.44 miles

  • Mobil

    0.25 miles

  • Shell

    0.38 miles

  • BP

    0.52 miles

  • Speedway

    0.76 miles

  • BP

    0.84 miles

  • Midwest

    0.97 miles

  • Costco Gasoline

    0.97 miles

  • Shell

    1.04 miles

  • Marathon

    1.07 miles

  • Exxon

    1.14 miles

  • Overflow Parking

    0.22 miles

  • Lot W5

    0.64 miles

  • Lot A4

    0.81 miles

  • Lot C4

    0.84 miles

  • Lot A3

    0.86 miles

  • Lot B4

    0.86 miles

  • Wood Street Parking Structure (WSPS)

    0.91 miles

  • Lot B2

    0.92 miles

  • Lot M

    0.94 miles

  • Lot F4

    1.06 miles

  • EL Ideas

    0.12 miles

  • Burger King

    0.23 miles

  • Ja’Grill

    0.34 miles

  • McDonald's

    0.40 miles

  • White Castle

    0.43 miles

  • KFC

    0.43 miles

  • Aloha Wagon

    0.47 miles

  • Casa Cafe Restaurant

    0.47 miles

  • Domino's

    0.58 miles

  • McDonald's

    0.58 miles

  • Workshop Apothecary

    0.46 miles

  • Pete's Fresh Market

    0.54 miles

  • Fairplay Foods

    0.64 miles

  • Walmart Neighborhood Market

    0.72 miles

  • Supermercado El Güero #8

    0.74 miles

  • Jewel-Osco

    1.02 miles

  • ALDI

    1.07 miles

  • Cermak Fresh Market

    1.11 miles

  • Freshway Market

    1.15 miles

  • La Casa del Pueblo

    1.31 miles

  • Sinai Single Outpatient Center

    0.31 miles

  • One Lawndale Community Care & Surgery Center

    0.34 miles

  • Mount Sinai Hospital

    0.39 miles

  • Schwab Rehabilitation Hospital

    0.43 miles

  • Saint Anthony Hospital

    0.66 miles

  • Chicago Fire Department Engine Company 107

    0.68 miles

  • Chicago Fire Department Engine Company 23

    0.70 miles

  • Jesse Brown VA Medical Center

    0.78 miles

  • Mile Square Health Center

    0.86 miles

  • Walgreens

    0.89 miles

Frequently Asked Questions

What is the total square footage of Midland Warehouses?

Midland Warehouses totals 500,000 square feet.

When was this property built?

Midland Warehouses was built in 1916.

What is the property tax for Midland Warehouses?

The property tax for Midland Warehouses in 2022 was $334,907.

What is the market value for Midland Warehouses?

The market value* for Midland Warehouses in 2022 was $6,640,005.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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